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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (70299)9/30/2022 12:18:52 PM
From: Jacob Snyder3 Recommendations

Recommended By
ajtj99
Clam digger
towerdog

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Gold: now that $1675 support is broken, there is a lot of downside risk. So I am taking the opportunity to sell my GOLD (the stock), getting out at a small loss. schrts.co

I don’t expect precious metals to do well, if the Fed really is going to keep raising interest rates till they cause a recession. The miners are a leveraged play on the metal. If it takes till 2025 to get inflation down to 2% (the Fed prediction), the goldbugs are going to be sad and confused for years.
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